Common use of STATUTORY LEVIES Clause in Contracts

STATUTORY LEVIES. a. The Consideration above includes Taxes (consisting of tax paid or payable by the Promoter by way of Goods Service Tax (GST), cess, levies, duties etc. by whatsoever name called or any other similar taxes, which may be levied, in connection with the sale and transfer of the said Plot by the Promoter to the Allottee as envisaged in this Agreement, (but shall exclude all such levies that may be applicable on the development/construction of the said Plot in the Project which shall be recoverable by the Promoter from the Allottee) up to the date of handing over the possession of the Plot; b. Provided that in case there is any change / modification in the existing taxes and/or any other new Taxes become applicable on this Agreement after the execution of these presents, the subsequent amount payable by the Allottee/s to the Promoter shall be increased/reduced based on such change/ modification. ▇. ▇▇ the above case, the Promoter shall periodically intimate to the Allottee/s, the amount payable as stated in (2.3)(i) and (ii) above and the Allottee/s shall make payment within 30 days from the date of such written intimation. d. The Allottee/s shall also be liable to pay interest/penalty/loss incurred to the Promoter on account of the Allottee/s’s failure and/or delay to pay the such other levies, statutory charges etc., within 30 (thirty) days of being called upon to do so by Promoter. e. The Allottee/s hereby agrees that the Allottee/s shall be liable to pay any taxes, levies, statutory charges imposed by Appropriate Authorities applicable to the transfer and sale of said Plot with retrospective effect, and if any recovery proceedings in consequence thereof are initiated. ▇. ▇▇ is further agreed by the Allottee/s that the Allottee/s shall before obtaining the possession of the said Plot pay to the Promoter in full all the requisite statutory dues and any other tax (if applicable) for construction / sale of the Plot. g. From the date of notice in writing being given by the Promoter to the Allottee/s that the Schedule B Property is ready for possession, the Allottee/s shall be liable to bear and pay local taxes, cess, betterment charges or such other levies charged by the concerned local authority and/or Government.

STATUTORY LEVIES. a. (i) The Consideration Construction Cost above includes Taxes (consisting of tax paid or payable by the Promoter by way of Goods Service Tax (GST), cess, levies, duties etc. by whatsoever name called or any other similar taxes, which may be levied, in connection with the sale and transfer of the said Plot by the Promoter to the Allottee as envisaged in this Agreement, (but shall exclude all such levies that may be applicable on the development/construction of the said Plot in the Project which shall be recoverable payable by the Promoter from the AllotteePromoter) up to the date of handing over the possession of the PlotApartment; b. (ii) Provided that in case there is any change / modification in the existing taxes and/or any other new Taxes become applicable on this Agreement after the execution of these presents, the subsequent amount payable by the Allottee/s to the Promoter shall be increased/reduced based on such change/ modification. ▇. ▇▇ the above case, the (iii) The Promoter shall periodically intimate to the Allottee/s, the amount payable as stated in (2.3)(i2.2) (i) and (ii) above and the Allottee/s shall make payment within 30 days from the date of such written intimation. d. (iv) The Allottee/s shall also be liable to pay interest/penalty/loss incurred to the Promoter on account of the Allottee/s’s failure and/or delay to pay the such other levies, statutory charges etc., within 30 (thirty) days of being called upon to do so by Promoter. e. (v) The Allottee/s hereby agrees that the Allottee/s shall be liable to pay any taxes, levies, statutory charges imposed by Appropriate Authorities applicable to the transfer and sale of said Plot Apartment with retrospective effect, and if any recovery proceedings in consequence thereof are initiated. ▇. ▇▇ (vi) It is further agreed by the Allottee/s that the Allottee/s shall before obtaining the possession of the said Plot Apartment pay to the Promoter in full all the requisite statutory dues and any other tax (if applicable) for construction / sale of the PlotApartment. g. From the date of notice in writing being given (vii) It is further agreed by the Promoter to the Allottee/s that inter alia the Schedule B Property is ready for possessionPromoter shall be entitled to deduct any and all statutory charges and dues allocable to this transaction, at any time in the future, from the Township Corpus Fund and the Allottee/s shall be liable hereby gives his/her /their/its consent to bear and pay local taxes, cess, betterment charges or such other levies charged by the concerned local authority and/or Governmentsame.

STATUTORY LEVIES. a. (i) The Consideration Construction Cost above includes Taxes (consisting of tax paid or payable by the Promoter by way of Goods Service Tax (GST), cess, levies, duties etc. by whatsoever name called or any other similar taxes, which may be levied, in connection with the sale and transfer of the said Plot by the Promoter to the Allottee as envisaged in this Agreement, (but shall exclude all such levies that may be applicable on the development/construction of the said Plot in the Project which shall be recoverable payable by the Promoter from the AllotteePromoter) up to the date of handing over the possession of the PlotApartment; b. (ii) Provided that in case there is any change / modification in the existing taxes and/or any other new Taxes become applicable on this Agreement after the execution of these presents, the subsequent amount payable by the Allottee/s to the Promoter shall be increased/reduced based on such change/ modification. ▇. ▇▇ the above case, the (iii) The Promoter shall periodically intimate to the Allottee/s, the amount payable as stated in (2.3)(i2.2)(i) and (ii) above and the Allottee/s shall make payment within 30 days from the date of such written intimation. d. (iv) The Allottee/s shall also be liable to pay interest/penalty/loss incurred to the Promoter on account of the Allottee/s’s failure and/or delay to pay the such other levies, statutory charges etc., within 30 (thirty) days of being called upon to do so by Promoter. e. (v) The Allottee/s hereby agrees that the Allottee/s shall be liable to pay any taxes, levies, statutory charges imposed by Appropriate Authorities applicable to the transfer and sale of said Plot Apartment with retrospective effect, and if any recovery proceedings in consequence thereof are initiated. ▇. ▇▇ (vi) It is further agreed by the Allottee/s that the Allottee/s shall before obtaining the possession of the said Plot Apartment pay to the Promoter in full all the requisite statutory dues and any other tax (if applicable) for construction / sale of the PlotApartment. g. From the date of notice in writing being given (vii) It is further agreed by the Promoter to the Allottee/s that inter alia the Schedule B Property is ready for possessionPromoter shall be entitled to deduct any and all statutory charges and dues allocable to this transaction, at any time in the future, from the Township Corpus Fund and the Allottee/s shall be liable hereby gives his/her /their/its consent to bear and pay local taxes, cess, betterment charges or such other levies charged by the concerned local authority and/or Governmentsame.

STATUTORY LEVIES. a. (i) The Consideration Construction Cost above includes Taxes (consisting of tax paid or payable by the Promoter by way of Goods Service Tax (GST), cess, levies, duties etc. by whatsoever name called or any other similar taxes, which may be levied, in connection with the sale and transfer of the said Plot by the Promoter to the Allottee as envisaged in this Agreement, (but shall exclude all such levies that may be applicable on the development/construction of the said Plot in the Project which shall be recoverable payable by the Promoter from the AllotteePromoter) up to the date of handing over the possession of the PlotVilla; b. (ii) Provided that in case there is any change / modification in the existing taxes and/or any other new Taxes become applicable on this Agreement after the execution of these presents, the subsequent amount payable by the Allottee/s to the Promoter shall be increased/reduced based on such change/ modification. ▇. ▇▇ the above case, the (iii) The Promoter shall periodically intimate to the Allottee/s, the amount payable as stated in (2.3)(i2.2) (i) and (ii) above and the Allottee/s shall make payment within 30 days from the date of such written intimation. d. (iv) The Allottee/s shall also be liable to pay interest/penalty/loss incurred to the Promoter on account of the Allottee/s’s failure and/or delay to pay the such other levies, statutory charges etc., within 30 (thirty) days of being called upon to do so by Promoter. e. (v) The Allottee/s hereby agrees agree/s that the Allottee/s shall be liable to pay any taxes, levies, statutory charges imposed by Appropriate Authorities applicable to the transfer and sale of said Plot Villa with retrospective effect, and if any recovery proceedings in consequence thereof are initiated. ▇. ▇▇ (vi) It is further agreed by the Allottee/s that the Allottee/s shall before obtaining the possession of the said Plot Villa pay to the Promoter in full all the requisite statutory dues and any other tax (if applicable) for construction / sale of the PlotVilla. g. From the date of notice in writing being given (vii) It is further agreed by the Promoter to the Allottee/s that inter alia the Schedule B Property is ready for possessionPromoter shall be entitled to deduct any and all statutory charges and dues allocable to this transaction, at any time in the future, from the Township Corpus Fund and the Allottee/s shall be liable hereby give/s his/her /their/its consent to bear and pay local taxes, cess, betterment charges or such other levies charged by the concerned local authority and/or Governmentsame.

STATUTORY LEVIES. a. 2.2.1 The Consideration Construction Cost above includes Taxes (consisting of tax paid or payable by the Promoter by way of Goods Service Tax (GST), cess, levies, duties etc. by whatsoever name called or any other similar taxes, which may be levied, in connection with the sale and transfer of the said Plot by the Promoter to the Allottee as envisaged in this Agreement, (but shall exclude all such levies that may be applicable on the development/construction of the said Plot in the Project which shall be recoverable payable by the Promoter from the AllotteePromoter) up to the date of handing over the possession of the PlotApartment; b. 2.2.2 Provided that in case there is any change / modification in the existing taxes and/or any other new Taxes become applicable on this Agreement after the execution of these presents, the subsequent amount payable by the Allottee/s to the Promoter shall be increased/reduced based on such change/ modification. ▇. ▇▇ the above case, the 2.2.3 The Promoter shall periodically intimate to the Allottee/s, the amount payable as stated in (2.3)(i2.2.1) and (ii2.2.2) above and the Allottee/s shall make payment within 30 days from the date of such written intimation. d. 2.2.4 The Allottee/s shall also be liable to pay interest/penalty/loss incurred to the Promoter on account of the Allottee/ss ’s failure and/or delay to pay the such other levies, statutory charges etc., within 30 (thirty) days of being called upon to do so by Promoter. e. 2.2.5 The Allottee/s hereby agrees agree/s that the Allottee/s shall be liable to pay any taxes, levies, statutory charges imposed by Appropriate Authorities applicable to the transfer and sale of said Plot Apartment with retrospective effect, and if any recovery proceedings in consequence thereof are initiated. ▇. ▇▇ 2.2.6 It is further agreed by the Allottee/s that the Allottee/s shall before obtaining the possession of the said Plot Apartment pay to the Promoter in full all the requisite statutory dues and any other tax (if applicable) for construction / sale of the PlotApartment. g. From the date of notice in writing being given 2.2.7 It is further agreed by the Promoter to the Allottee/s that inter alia the Schedule B Property is ready for possessionPromoter shall be entitled to deduct any and all statutory charges and dues allocable to this transaction, at any time in the future, from the Township Corpus Fund and the Allottee/s shall be liable hereby gives his/her /their/its consent to bear and pay local taxes, cess, betterment charges or such other levies charged by the concerned local authority and/or Governmentsame.